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Norwegian dry bulk duo expands fleet and considers loan

Songa Bulk, controlled by Arne Blystad and Herman Billung, now owns ten vessels, eight of which have been delivered. The dry bulk carrier is also considering whether to issue a bond loan in Norway.

Herman Billung is CEO of Songa Bulk. He is former CEO of Golden Ocean.

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Maersk vessels sailed under black-listed flag for final journey

Four vessels from Maersk Line sailed under black-listed flags, when on the way to be scrapped along the coast of Alang, India. The out-flagging occurred after the group sold the vessels to cash buyers. Seafarers risk paying the price, says an NGO and union.

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